Total new capital expenditure in Australia expanded by 2.4 percent quarter-on-quarter in the three months to March 2023, slowing from an upwardly revised 3.0 percent growth in the previous period, as buildings and structures investment eased (1.3% vs 3.6% in Q4). Meanwhile, expenditure on equipment, plant and machinery grew by 3.7% after increasing 0.6% in the December quarter. Through the year to March, private capital expenditure expanded 6.3 percent, faster than a 3.6 percent rise previously. source: Australian Bureau of Statistics
Private Investment in Australia averaged 1.24 percent from 1987 until 2023, reaching an all time high of 18.70 percent in the second quarter of 1996 and a record low of -8.70 percent in the third quarter of 2015. This page provides - Australia Private Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Private Capital Expenditure - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Private Investment in Australia is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Private Capital Expenditure is projected to trend around 0.60 percent in 2024 and 0.40 percent in 2025, according to our econometric models.